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EXHIBIT 12
CHRYSLER CORPORATION AND CONSOLIDATED SUBSIDIARIES
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COMPUTATIONS OF RATIOS OF EARNINGS TO FIXED CHARGES AND PREFERRED STOCK DIVIDEND
REQUIREMENTS
YEAR ENDED DECEMBER 31
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1996 1995 1994 1993 1992
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(IN MILLIONS OF DOLLARS)
Net earnings before extraordinary item and
cumulative effect of changes in accounting
principles........................................ $3,720 $2,121 $3,713 $2,415 $ 505
Add back:
Taxes on income................................ 2,372 1,328 2,117 1,423 429
Fixed charges.................................. 1,339 1,359 1,267 1,433 1,732
Amortization of previously capitalized
interest..................................... 111 103 87 94 87
Deduct:
Capitalized interest........................... 156 204 177 176 176
Undistributed earnings from less than
fifty-percent owned affiliates............... 14 18 15 2 7
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Earnings available for fixed charges................ $7,372 $4,689 $6,992 $5,187 $2,570
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Fixed charges:
Interest expense.................................. $1,007 $ 995 $ 937 $1,104 $1,405
Capitalized interest.............................. 156 204 177 176 176
Credit line commitment fees....................... 15 10 10 10 10
Interest portion of rent expense.................. 161 150 143 143 139
Gross-up of preferred stock dividends of
majority-owned subsidiaries (CFC) to a pretax
basis.......................................... -- -- -- -- 2
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Total fixed charges................................. $1,339 $1,359 $1,267 $1,433 $1,732
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Ratio of earnings to fixed charges.................. 5.51 3.45 5.52 3.62 1.48
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Preferred stock dividend requirements............. $ 5 $ 33 $ 125 $ 127 $ 128
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Ratio of earnings to fixed charges and preferred
stock dividend requirements....................... 5.49 3.37 5.02 3.33 1.38
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Equity taken up in earnings of less than
fifty-percent owned affiliates.................... $ 14 $ 18 $ 15 $ 2 $ 11
Deduct:
Dividends paid by affiliates...................... -- -- -- -- 4
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Undistributed earnings from less than fifty-percent
owned affiliates.................................. $ 14 $ 18 $ 15 $ 2 $ 7
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NOTE: The ratio of earnings to fixed charges is computed by dividing Earnings
available for fixed charges by Total fixed charges. The ratio of earnings
to fixed charges and preferred stock dividend requirements is computed by
dividing Earnings available for fixed charges by the sum of Total fixed
charges and Preferred stock dividend requirements.